Metis Global Partners LLC Trims Holdings in Loews Corporation $L

Metis Global Partners LLC lowered its holdings in shares of Loews Corporation (NYSE:L) by 13.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,336 shares of the insurance provider’s stock after selling 953 shares during the period. Metis Global Partners LLC’s holdings in Loews were worth $581,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Elequin Capital LP acquired a new stake in shares of Loews during the first quarter worth about $30,000. Zions Bancorporation National Association UT acquired a new position in Loews in the 1st quarter valued at about $33,000. NewSquare Capital LLC raised its stake in Loews by 404.1% during the 2nd quarter. NewSquare Capital LLC now owns 368 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 295 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Loews by 14,900.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 450 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 447 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new stake in Loews during the 2nd quarter worth approximately $60,000. 58.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings raised Loews from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Loews Trading Up 0.4%

Shares of L opened at $104.11 on Thursday. Loews Corporation has a twelve month low of $78.98 and a twelve month high of $104.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $21.52 billion, a P/E ratio of 16.55 and a beta of 0.73. The firm’s 50-day moving average is $99.63 and its two-hundred day moving average is $93.96.

Loews (NYSE:L) last posted its quarterly earnings results on Monday, November 3rd. The insurance provider reported $2.43 earnings per share (EPS) for the quarter. The company had revenue of $3.94 billion during the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%.

Loews Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 26th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, November 26th. Loews’s payout ratio is presently 3.62%.

Loews Company Profile

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.